Saving Money – A guide to saving thousands of dollars when
buying a home

Buying a home is one of the most expensive
purchases you'll ever make, and by following some simple guidelines
you can stand to save thousands of dollars. If you're like most
people shopping for a home you're probably trying to match a home
that fits your needs perfectly, with the lowest possible price.

When looking for a home yourself, it's important to know how
previous successful homebuyers have purchased their homes for
thousands of dollars below a seller's asking price. Skills like
negotiation are handy, but the fundamentals are often overlooked.
This report will cover the following:

Steps for saving thousands when you buy a
home

How sellers price their homes.Some simple steps
that will save your thousands when you purchase a home

Going into the home-buying process with some basic knowledge in the
area can make all the difference. The following are some simple, but
often overlooked, points that every homebuyer should take into
account.

Be sure about what you
want

This seems like a simple point, but many people
make the mistake of confusing what they need with what they desire.
Obviously the goal of shopping around is to find a property that
fulfills both, but it's important to know that in the real world
this situation doesn't always occur.

When the purchase price of an item exceeds $10,000, people commonly
let emotion and desire play a big role in their decision-making
processes. When you're looking at home you'll find that you're drawn
to certain properties for completely different reasons; some based
on needs, and other based on desires. Is it better to buy the house
with the basement suite for rental possibilities, or the one with
more bedrooms to better accommodate a growing family? Many people
make the wrong decision at this step and end up regretting their
purchase for years.

It's vital that you satisfy your needs first, and your desires
second. Oftentimes writing down both can aid in the home-buying
process.

Shopping with powerful help

You should make sure that your agent offers a
buyer profile system to get you all MLS® System listings that meet
your exact requirements. Using one of these systems can greatly
increase your chances of finding that perfect home as you will be
made aware of all existing and new listings that meet your
requirements.
Understand how sellers set their asking price

Sellers price their homes in several different categories and it's
important to consult your agent about the price of a property. Keep
in mind that roughly 75% of all homes on the market are priced 5-10%
above fair market value.